People or companies may decide to combine their talents and resources in a joint venture, for the purpose of a specific, new business. Because the individual parties may be able to bring to the business their own specialised experience, frequently a joint venture can be greater than the sum of its parts. We can assist you in the formation of a joint venture company and can draft a joint venture agreement for you.

Where two or more such parties come together for a business purpose, it is vital that the rights and obligations of each are known and understood at the outset. Specifically, if the joint venture is owned on a 50 : 50 basis, then there must be a clear mechanism for the resolution of a “deadlock” situation. All of this can be achieved in a properly-drafted joint venture agreement.

Should you wish to discuss further, please contact enquiries@wdavies.com